STOCKHOLM (AP) — China has bypassed Britain as the world’s fifth largest arms exporter, a Swedish think tank said Monday.

The volume of Chinese weapons exports rose by 162 percent in the five years 2008-2012, compared to the previous five-year period, the Stockholm International Peace Research Institute said in its report. That means China’s share of all international arms exports increased to 5 percent from 2 percent, and the country climbed to fifth from eighth in the rankings.